Proxy Analysis
Quite the Document. I am by no means an expert on reading SEC Documents. However, after browsing the Proxy, there were no real big surprises. It is good that they may be able to finally close the merger in mid March.
I do have 5 observations.
1.) "Employees - Platinum LP has no employees. Instead, it depends on its Board of Directors and third party contractors to maintain and advance its business interests".
So, this is not just some Board of Directors that sits around until a Board Meeting. The BOD will be out there taking advantage of their wide array of businesses and contacts, during discussions and negotiations to commercialize PLRO products. Incredible.
2.) I believe 6 of the Directors each get Options to purchase 1,056,832 shares of PLRO. Massive incentive for them.
3.) The other Director, consultants and several investors get substantially more. I have no problem with this whatsoever. Remember, some have been developing TechroBond for 10 years, with much time and effort expended. It is their "baby".
4.) These are Stock Options that they purchase, not just stock simply given to them. It will be very interesting when we start seeing Form 4's being Filed.
5.) Just the size of the Proxy. These guys are Professionals. Read that whole Document and you can just get a sense of the big plans and bright future they have for Platinum Research Organization, Inc.
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